Biotechs Scramble to Get IPOs Moving Now That Government Is Open

Apparently blinking in his stare-down with Speaker of the House Nancy Pelosi, President Donald Trump capitulated and agreed to open the federal government for at least three weeks. Numerous biotech companies had filed for initial public offerings (IPOs) during the five-week government shutdown but were unlikely to actually be able to be listed until the U.S. Securities and Exchange Commission (SEC) had a chance to review their filings.